SEC Charges San Francisco Bay Area Trader, Investment Adviser in Alleged Multimillion Dollar Ponzi-Like Scheme & Offering Fraud
April 18, 2026
April 18, 2026
WASHINGTON, April 18 -- The Securities and Exchange Commission issued the following litigation release (No. 26-cv-03203; N.D. Cal. filed April 15, 2026) involving San Francisco Bay area trader and investment adviser in alleged multimillion dollar Ponzi-like scheme and offering fraud:
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On April 15, 2026, the Securities and Exchange Commission charged Milpitas, California resident Sudheesh Nambiar, alleging that he defrauded hundreds of investors of approximately $44 . . .
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On April 15, 2026, the Securities and Exchange Commission charged Milpitas, California resident Sudheesh Nambiar, alleging that he defrauded hundreds of investors of approximately $44 . . .